Vehicle-to-Grid (V2G): Global Markets

The global market for Vehicle-to-Grid (V2G) is expected to grow from $6.3 billion in 2025 and is projected to reach $16.9 billion by the end of 2030, at a compound annual growth rate (CAGR) of 21.7% during the forecast period of 2025 to 2030.

V2G is a smart charging technology that allows car batteries to put energy back into the power grid. V2G uses bidirectional charging stations to push and pull energy to and from connected vehicles based on the demand for electricity at any given time. It offers grid support, demand-side management, reduced costs for EV owners, and enhanced renewable energy integration. It provides consumers with fuel cost savings and households and commercial fleet operators with additional revenues.

The growing demand for EVs, supportive government initiatives for the development of EV charging infrastructure, and ongoing advances in technology are the factors driving the demand for V2G. Also, the growing expansion of charging infrastructure for EVs and smart grids is being integrated into V2G systems to manage energy flow efficiently.

Companies such as Ford, Toyota and Volkswagen are working on V2G pilot programs with utility providers. For example, IoTecha, a technology company offering IoT and EV charging infrastructure, has developed an IoT cloud-based platform that enables V2G integration through its smart charging software. In November 2024, the company introduced the Mobilize PowerBox, an AC V2G charger that charges and discharges to the grid, supporting peak demand and sustainability.

Report Scope

This report analyzes the global market for vehicle-to-grid (V2G) by four segments: vehicle type, charger type, components and services. The report also discusses the technological, regulatory, competitive aspects, and economic trends that impact the market. It includes an analysis of patents related to V2G, a look at ESG trends and a discussion of the competitive landscape. The report concludes with profiles of the leading companies in the market.

The report also includes a regional and country analysis that covers North America, Europe, Asia-Pacific, and the Rest of the World (South America, the Middle East and Africa). It examines the factors influencing demand, with 2024 as the base year, estimates for 2025, and forecasts through 2030. All market values are in dollars ($) millions.

The report includes:

50 data tables and 48 additional tables
An analysis of the global market for vehicle-to-grid (V2G) smart charging technology
Analyses of global market trends, with revenue data for 2024, estimates for 2025, forecast for 2027, and projected CAGRs through 2030
Estimates of the market’s size and revenue prospects, accompanied by a market share analysis by vehicle type, charging type, component, service and region
Facts and figures pertaining to market dynamics, technological advancements, regulations, prospects, industry structure and the impacts of macroeconomic variables
Insights derived from Porter’s Five Forces model, global value chain and case studies
Patent analysis and emerging trends and developments in patent activity
Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
Profiles of the leading companies, including Nissan Motor Corp., Renault Group, Mitsubishi Motor Corp., Engie, and Nuvve Holding Corp.

Chapter 1 Executive Summary

Market Outlook
Scope of Report
Market Summary
Technological Advances and Applications
Market Dynamics and Growth Factors
Future Trends and Developments
Segmental Analysis
Regional Insights and Emerging Markets
Conclusion

Chapter 2 Market Overview

Market Overview and Future Scenarios
Value Chain Analysis
V2G Technology Providers
Aggregators
EV Owners and Automakers
Energy Companies and Grid Operators
Porter's Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Potential for New Entrants to the Market
Level of Competition in the Industry
Threat of Substitutes
Macroeconomic Factors
Rise in Pilot Projects
Impact of U.S. Tariffs
Case Studies for V2G
Nuvve Holding Corp.
Synop
Australian Government

Chapter 3 Market Dynamics

Overview
Market Drivers
Increasing Adoption of EVs
Supportive Government Regulations, Policies and Incentives
Advances in Smart Grid Infrastructure
Market Restraints
Reductions in Batteries’ Lifetimes
High Cost of Technology
Market Opportunities
Expansion of Charging Infrastructure
Smart Grid

Chapter 4 Emerging Technologies and Developments

Overview
Emerging Technologies/Applications
Bidirectional Inverters
Advances in Battery Technology
Smart Energy Management Systems
Smart Charging
Role of AI and Machine Learning (ML)
Patent Analysis
Overview
Key Patents
Takeaways Related to Patents

Chapter 5 Market Segmentation Analysis

Segmentation Breakdown
Global V2G Market, by Vehicle Type
Overview
Takeaways
BEVs
PHEVs
Fcevs
Global V2G Market, by Charger Type
Overview
Direct Current (DC)
Alternating Current (AC)
Global V2G Market, by Component
Overview
EV Supply Equipment
Smart Meters
Home Energy Management Systems
Others
Global V2G Market, by Service
Overview
Time Shifting
Frequency Response and Reserve
Distribution Services
Others
Geographic Breakdown
Market Breakdown, by Region
Overview
North America
Europe
Asia-Pacific
Rest of World

Chapter 6 Competitive Intelligence

Overview
Market Ranking Analysis
Market Ecosystem
EV Manufacturers
V2G Technology Providers
Utility Companies and Grid Operators
Strategic Analysis
Recent Developments in the V2G Industry

Chapter 7 Appendix

Methodology
Research Steps
References
Abbreviations
Company Profiles
ABB
Denso Corp.
Engie
Fermata Energy
Honda Motor Co. Ltd.
Mitsubishi Motors Corp.
Nissan Motor Co. Ltd.
Nuvve Holding Corp.
Octopus Energy Ltd.
Ovo Energy Ltd.
Renault Group
The Mobility House GmbH
Veolia
Virta Global
Wallbox Chargers
Emerging Players in the Global V2G Market

List of Tables

Summary Table: Global Market for V2G, by Region, Through 2030
Table 1: Published Patents Related to V2G Technology, 2023 and 2024
Table 2: Published Patents Related to V2G Technology, 2023 and 2024
Table 3: Global Market for V2G, by Vehicle Type, Through 2030
Table 4: Global Market for V2G in BEVs, by Region, Through 2030
Table 5: Global Market for V2G in PHEVs, by Region, Through 2030
Table 6: Global Market for V2G in FCEVs, by Region, Through 2030
Table 7: Global Market for V2G, by Charger Type, Through 2030
Table 8: Global Market for V2G for DC Chargers, by Region, Through 2030
Table 9: Global Market for V2G for AC Chargers, by Region, Through 2030
Table 10: Global Market for V2G, by Component, Through 2030
Table 11: Global Market for V2G for EV Supply Equipment, by Region, Through 2030
Table 12: Global Market for V2G for Smart Meters, by Region, Through 2030
Table 13: Global Market for V2G for Home Energy Management Systems, by Region, Through 2030
Table 14: Global Market for V2G for Other Components, by Region, Through 2030
Table 15: Global Market for V2G, by Service, Through 2030
Table 16: Global Market for V2G for Time Shifting Services, by Region, Through 2030
Table 17: Global Market for V2G for Frequency Response and Reserve Services, by Region, Through 2030
Table 18: Global Market for V2G for Distribution Services, by Region, Through 2030
Table 19: Global Market for V2G for Other Services, by Region, Through 2030
Table 20: Global Market for V2G, by Region, Through 2030
Table 21: North American Market for V2G, by Vehicle Type, Through 2030
Table 22: North American Market for V2G, by Charger Type, Through 2030
Table 23: North American Market for V2G, by Component, Through 2030
Table 24: North American Market for V2G, by Service, Through 2030
Table 25: North American Market for V2G, by Country, Through 2030
Table 26: European Market for V2G, by Vehicle Type, Through 2030
Table 27: European Market for V2G, by Charger Type, Through 2030
Table 28: European Market for V2G, by Component, Through 2030
Table 29: European Market for V2G, by Service, Through 2030
Table 30: European Market for V2G, by Country, Through 2030
Table 31: Asia-Pacific Market for V2G, by Vehicle Type, Through 2030
Table 32: Asia-Pacific Market for V2G, by Charger Type, Through 2030
Table 33: Asia-Pacific Market for V2G, by Component, Through 2030
Table 34: Asia-Pacific Market for V2G, by Service, Through 2030
Table 35: Asia-Pacific Market for V2G, by Country, Through 2030
Table 36: RoW Market for V2G, by Vehicle Type, Through 2030
Table 37: RoW Market for V2G, by Charger Type, Through 2030
Table 38: RoW Market for V2G, by Component, Through 2030
Table 39: RoW Market for V2G, by Service, Through 2030
Table 40: RoW Market for V2G, by Sub-Region, Through 2030
Table 41: Ranking of Leading Companies in the Global V2G Market, 2024
Table 42: Recent Developments in the V2G Industry, 2023-2025
Table 43: References
Table 44: Abbreviations Used in the Report
Table 45: ABB: Company Snapshot
Table 46: ABB: Financial Performance, FY 2023 and 2024
Table 47: ABB: V2G Product Portfolio
Table 48: Denso Corp.: Company Snapshot
Table 49: Denso Corp.: Financial Performance, FY 2023 and 2024
Table 50: Denso Corp.: V2G Product Portfolio
Table 51: Denso Corp.: News/Key Developments, 2023
Table 52: Engie: Company Snapshot
Table 53: Engie: Financial Performance, FY 2023 and 2024
Table 54: Engie: V2G Product Portfolio
Table 55: Fermata Energy: Company Snapshot
Table 56: Fermata Energy: V2G Product Portfolio
Table 57: Fermata Energy: News/Key Developments, 2023-2024
Table 58: Honda Motor Co. Ltd.: Company Snapshot
Table 59: Honda Motor Co. Ltd.: Financial Performance, FY 2023 and 2024
Table 60: Honda Motor Co. Ltd.: V2G Product Portfolio
Table 61: Honda Motor Co. Ltd.: News/Key Developments, 2024
Table 62: Mitsubishi Motors Corp.: Company Snapshot
Table 63: Mitsubishi Motors Corp.: Financial Performance, FY 2023 and 2024
Table 64: Mitsubishi Motors Corp.: V2G Product Portfolio
Table 65: Mitsubishi Motors Corp.: News/Key Developments, 2024
Table 66: Nissan Motor Co. Ltd.: Company Snapshot
Table 67: Nissan Motor Co. Ltd.: Financial Performance, FY 2023 and 2024
Table 68: Nissan Motor Co. Ltd.: V2G Product Portfolio
Table 69: Nissan Motor Co. Ltd.: News/Key Developments, 2024
Table 70: Nuvve Holding Corp.: Company Snapshot
Table 71: Nuvve Holding Corp.: Financial Performance, FY 2023 and 2024
Table 72: Nuvve Holding Corp.: V2G Product Portfolio
Table 73: Nuvve Holding Corp.: News/Key Developments, 2025
Table 74: Octopus Energy Ltd.: Company Snapshot
Table 75: Octopus Energy Ltd.: Product Portfolio
Table 76: Octopus Energy Ltd.: News/Key Developments, 2024
Table 77: OVO Energy Ltd.: Company Snapshot
Table 78: OVO Energy Ltd.: V2G Product Portfolio
Table 79: Renault Group: Company Snapshot
Table 80: Renault Group: Financial Performance, FY 2023 and 2024
Table 81: Renault Group: V2G Product Portfolio
Table 82: Renault Group: News/Key Developments, 2024
Table 83: The Mobility House GmbH: Company Snapshot
Table 84: The Mobility House GmbH: V2G Product Portfolio
Table 85: The Mobility House GmbH: News/Key Developments, 2023-2025
Table 86: Veolia: Company Snapshot
Table 87: Veolia: Financial Performance, FY 2023 and 2024
Table 88: Veolia: V2G Product Portfolio
Table 89: Veolia: News/Key Developments, 2024
Table 90: Virta Global: Company Snapshot
Table 91: Virta Global: V2G Product Portfolio
Table 92: Virta Global: News/Key Developments, 2025
Table 93: Wallbox Chargers: Company Snapshot
Table 94: Wallbox Chargers: Financial Performance, FY 2023 and 2024
Table 95: Wallbox Chargers: V2G Product Portfolio
Table 96: Wallbox Chargers: News/Key Developments, 2024
Table 97: Emerging Players in the Global V2G Market

List of Figures

Summary Figure: Global Market Shares for V2G, by Region, 2024
Figure 1: Value Chain for the V2G Market
Figure 2: Porter’s Five Forces Model for the V2G Market
Figure 3: Market Dynamics for the V2G Market
Figure 4: Sales of EVs, 2021-2024
Figure 5: Patent Shares for V2G, by Applicant, 2024
Figure 6: Global Market Shares for V2G, by Vehicle Type, 2024
Figure 7: Global Market Shares for V2G in BEVs, by Region, 2024
Figure 8: Global Market Shares for V2G in PHEVs, by Region, 2024
Figure 9: Global Market Shares for V2G in FCEVs, by Region, 2024
Figure 10: Global Market Shares for V2G, by Charger Type, 2024
Figure 11: Global Market Shares for V2G for DC Chargers, by Region, 2024
Figure 12: Global Market Shares for V2G for AC Chargers, by Region, 2024
Figure 13: Global Market Shares for V2G, by Component, 2024
Figure 14: Global Market Shares for V2G for EV Supply Equipment, by Region, 2024
Figure 15: Global Market Shares for V2G for Smart Meters, by Region, 2024
Figure 16: Global Market Shares for V2G for Home Energy Management Systems, by Region, 2024
Figure 17: Global Market Shares for V2G for Other Components, by Region, 2024
Figure 18: Global Market Shares for V2G, by Service, 2024
Figure 19: Global Market Shares for V2G for Time Shifting Services, by Region, 2024
Figure 20: Global Market Shares for V2G for Frequency Response and Reserve Services, by Region, 2024
Figure 21: Global Market Shares for V2G for Distribution Services, by Region, 2024
Figure 22: Global Market Shares for V2G for Other Services, by Region, 2024
Figure 23: Global Market Shares for V2G, by Region, 2024
Figure 24: North American Market Shares for V2G, by Vehicle Type, 2024
Figure 25: North American Market Shares for V2G, by Charger Type, 2024
Figure 26: North American Market Shares for V2G, by Component, 2024
Figure 27: North American Market Shares for V2G, by Service, 2024
Figure 28: North American Market Shares for V2G, by Country, 2024
Figure 29: European Market Shares for V2G, by Vehicle Type, 2024
Figure 30: European Market Shares for V2G, by Charger Type, 2024
Figure 31: European Market Shares for V2G, by Component, 2024
Figure 32: European Market Shares for V2G, by Service, 2024
Figure 33: European Market Shares for V2G, by Country, 2024
Figure 34: Asia-Pacific Market Shares for V2G, by Vehicle Type, 2024
Figure 35: Asia-Pacific Market Shares for V2G, by Charger Type, 2024
Figure 36: Asia-Pacific Market Shares for V2G, by Component, 2024
Figure 37: Asia-Pacific Market Shares for V2G, by Service, 2024
Figure 38: Asia-Pacific Market Shares for V2G, by Country, 2024
Figure 39: RoW Market Shares for V2G, by Vehicle Type, 2024
Figure 40: RoW Market Shares for V2G, by Charger Type, 2024
Figure 41: RoW Market Shares for V2G, by Component, 2024
Figure 42: RoW Market Shares for V2G, by Service, 2024
Figure 43: RoW Market Shares for V2G, by Sub-Region, 2024
Figure 44: Global V2G Market Ecosystem
Figure 45: ABB: Revenue Shares, by Business Unit, FY 2024
Figure 46: ABB: Revenue Shares, by Country/Region, FY 2024
Figure 47: Denso Corp.: Revenue Shares, by Country/Region, FY 2024
Figure 48: Engie: Revenue Shares, by Business Unit, FY 2024
Figure 49: Engie: Revenue Shares, by Country/Region, FY 2024
Figure 50: Honda Motor Co. Ltd.: Revenue Shares, by Business Unit, FY 2024
Figure 51: Honda Motor Co. Ltd.: Revenue Shares, by Country/Region, FY 2024
Figure 52: Mitsubishi Motors Corp.: Revenue Shares, by Business Unit, FY 2024
Figure 53: Mitsubishi Motors Corp.: Revenue Shares, by Country/Region, FY 2024
Figure 54: Nissan Motor Co. Ltd.: Revenue Shares, by Business Unit, FY 2024
Figure 55: Nissan Motor Co. Ltd.: Revenue Shares, by Country/Region, FY 2024
Figure 56: Nuvve Holding Corp.: Revenue Shares, by Business Unit, FY 2024
Figure 57: Nuvve Holding Corp.: Revenue Shares, by Country/Region, FY 2024
Figure 58: Renault Group: Revenue Shares, by Business Unit, FY 2024
Figure 59: Renault Group: Revenue Shares, by Country/Region, FY 2024
Figure 60: Veolia: Revenue Shares, by Business Unit, FY 2024
Figure 61: Veolia: Revenue Shares, by Country/Region, FY 2024
Figure 62: Wallbox Chargers: Revenue Shares, by Business Unit, FY 2024
Figure 63: Wallbox Chargers: Revenue Shares, by Country, FY 2024

Table Information

Report Attribute	Details
No. of Pages	126
Published	July 2025
Forecast Period	2025 - 2030
Estimated Market Value ( USD ) in 2025	$ 6.3 Billion
Forecasted Market Value ( USD ) by 2030	$ 16.9 Billion
Compound Annual Growth Rate	21.7%
Regions Covered	Global

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Report Scope

The report includes:

Table of Contents

Table Information

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